Breaking News

Naira appreciates to 360. 52/$ in NAFEX

By Adaeze Okechukwu
naira, yesterday, appreciated to N360.52 per dollar in the Investors and Exporters (I&E) Foreign Exchange, forex, Window.

Data from the Financial Market Dealers Quote, FMDQ, showed that the indicative exchange rate for the I & E Window, known as Nigerian Autonomous Foreign Exchange, NAFEX, rose to 360.52 per dollar, yesterday, from Wednesday’s  rate   which  stood  at N360.71 per dollar. This indicates a 19 kobo appreciation of the Naira.

Meanwhile, the volume of dollars traded in the I & E forex window, yesterday, jumped up to $341 million from $240 million exchanged on Wednesday, representing a 41.9 per cent increase.

Also in the parallel market, the naira had remained stable at N363 per dollar for one week.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.